Corporate Social Responsibility (CSR’) is the Company’s commitment towards their stakeholders to conduct business in an economically, socially and environmentally sustainable manner that is transparent and ethical.
Nifco India Private Limited (‘Nifco India’) is committed to undertake CSR activities in accordance with the provisions of Section 135 of the Companies Act, 2013 and related rules.
Nifco India believes that corporate development has to be inclusive and every corporate has to be responsible for the development of a just and humane society that can build a national enterprise. Nifco India commits itself to contribute to the society in ways possible for the organization and has set up its core CSR team as a means to fulfill this commitment.
Nifco Indias CSR policy intends to:
In accordance with the requirements of the provisions of Companies Act, 2013 including Schedule VII, Nifco India’s CSR activities will focus on:
The Policy shall be open to accommodate any activities as defined in Schedule VII of the Companies Act, 2013, as and when required.
No requirement of CSR committee, the Board will approve and monitor the CSR policy.
The Board will perform the functions of CSR Committee.
Nifco India shall undertake the CSR activities directly. The Board may, in the future, decide to undertake and implement its CSR activities through a registered trust or registered society or a Section 8 company (Non-profit entity) established by Nifco Group. In case the trust, society or a Section 8 company is not established by the company or its holding or subsidiary or associate company, then such an entity will need to have a 3 years’ track record of undertaking similar projects or programmes.
The Board in its Annual Report shall include the details of the CSR activities undertaken in the Financial Year. The particulars to be stated in the report shall be in the format prescribed in Appendix -2.
Nifco India shall display on its website the contents of its CSR Policy and other information as may be required to be displayed.
Board members will review CSR Projects based on their output and impact
The Board shall annually review its CSR Policy from time to time and make suitable changes as may be required and submit the same for the approval of the Board.
The Policy may be reviewed and amended from time to time.
Nifco India like the previous years has contributed towards the Corporate Social Responsibility (CSR) in the year 2022. We are committed to create a sustainable tomorrow. We have selected the CSR projected. For us, CSR is a self-regulating model that helps a company be socially accountable to itself, its stakeholders, and the public.
Education can change life of anyone. Statistics show that if children are educated with skilled training, poverty can be reduced. We understand the importance of technical educations. We have taken an initiative to sponsor the fees of under privileged/ orphaned students towards their technical education.
Covid-19 has impacted the poor families. Going with Prime Minister Narendra Modijis agenda that ‘no one will go hungry’, we have decided to distribute food related items to under privileged and poor families near to Manesar Plant and Gujarat Plant in the august presence of Mr. Udaya Shankar (Managing Director) and Mr. Hirokuni Ishigaki (Director) respectively. These families were happy and their Blessing will always remain with us and Nifco.
The river flows through well-populated regions of India, providing freshwater to the millions of people living in these regions. The river Ganga has a religious, cultural and environment importance. The Clean Ganga Fund established by the Central Government to harness the enthusiasm of people for Ganga and to bring them closer to the Ganga and inculcate a sense of ownership. The fund will have the objective of contributing to the national effort of cleaning the Ganga. Nifco India has aligned itself with objective of this fund and contributed to this fund under CSR.
Nifco is built on values which provide the framework for everything we do – these values are called the Nifco Spirit. Fostered at Nifco's inception and passed down from...